We have published a new Morningstar Qualitative Rating and Research Report for Fidelity Funds - Global Consumer Industries.
"Fidelity Funds – Global Consumer Industries aims to provide exposure to the whole consumer landscape, from defensives to cyclicals. Whilst fundamental research is the backbone of the process it’s interesting to note that the process does have a greater thematic element than the typical Fidelity offering. The manager pays great heed to economic cycles and their impact on the industry, individual companies, and consumer behaviour. Important considerations at the stock level include sustainability of free cash flow, balance sheet integrity, and management."
The full four-page PDF report can be accessed here. It is free to users of morningstar.co.uk
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